Documentary History of the State of New York, Vol. I
Bills of Exchange for England
to send money or to pay the Ballance of Bills of Exchange for
London
But whatever advantages
we have by the West India Trade we are so hard put to it to make even with England, that the money imported for the West Indies seldom continues six months in the Province, before it is remitted for England The Current Cash being wholly in the Paper Bills of this Province and a few Lyon Dollars
when the great scarcity of provisions happened in France, we had a very profitable Trade with Lisbon for wheat, by w hich several have made estates but that Trade was of no long duration, for the Distance made the carriage so chargeable being the Ships were In the time of the
last war
r
obliged to return empty, that the Trade could not be carried on any Longer without Loss, after
wheat fell to its usual price, tho the Wheat of America, be of greater value there than the European, & we cannot hope for a return of this Trade unless such a general scarcity of Provisions happens over Europe as did then
The Staple Commodity of the Province -is Flower & Bread which is sent to all Parts of the West Indies we are allowed to trade with, Besides Wheat, Pipe staves and a
little
Bees Wax to Madeira
We send likewise a considerable quantity of Pork, Bacon, Hogshead Staves, some Beef Butter & a few Candles to the West Indies. is